EUR/NOK - 1H - Technical analysis published on 11/12/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 10.7120 NOK
My targets
10.8391 NOK (+0.0808)
10.9301 NOK (+0.1718)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/NOK as long as the price remains well above 10.7120 NOK. The buyers” bullish objective is set at 10.8391 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.9301 NOK. If there is any crossing, the next objective would be the resistance located at 11.1359 NOK.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NOK price is 10.7583 NOK. On the day, this instrument gained +0.62% and was between 10.6858 NOK and 10.7774 NOK. This implies that the price is at +0.68% from its lowest and at -0.18% from its highest.10.6858
10.7774
10.7583
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this EUR/NOK chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.6081 | 10.6568 | 10.7120 | 10.7583 | 10.8391 | 10.9301 | 11.1359 |
| Change (%) | -1.40% | -0.94% | -0.43% | - | +0.75% | +1.60% | +3.51% |
| Change | -0.1502 | -0.1015 | -0.0463 | - | +0.0808 | +0.1718 | +0.3776 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5211 | 10.5633 | 10.6277 | 10.6699 | 10.7343 | 10.7765 | 10.8409 |
| Camarilla | 10.6629 | 10.6727 | 10.6824 | 10.6922 | 10.7020 | 10.7117 | 10.7215 |
| Woodie | 10.5323 | 10.5689 | 10.6389 | 10.6755 | 10.7455 | 10.7821 | 10.8521 |
| Fibonacci | 10.5633 | 10.6040 | 10.6292 | 10.6699 | 10.7106 | 10.7358 | 10.7765 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3880 | 10.6044 | 10.7372 | 10.9536 | 11.0864 | 11.3028 | 11.4356 |
| Camarilla | 10.7739 | 10.8059 | 10.8379 | 10.8699 | 10.9019 | 10.9339 | 10.9659 |
| Woodie | 10.3461 | 10.5835 | 10.6953 | 10.9327 | 11.0445 | 11.2819 | 11.3937 |
| Fibonacci | 10.6044 | 10.7378 | 10.8202 | 10.9536 | 11.0870 | 11.1694 | 11.3028 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.4166 | 10.5962 | 10.8530 | 11.0326 | 11.2894 | 11.4690 | 11.7258 |
| Camarilla | 10.9899 | 11.0299 | 11.0699 | 11.1099 | 11.1499 | 11.1899 | 11.2299 |
| Woodie | 10.4553 | 10.6155 | 10.8917 | 11.0519 | 11.3281 | 11.4883 | 11.7645 |
| Fibonacci | 10.5962 | 10.7629 | 10.8659 | 11.0326 | 11.1993 | 11.3023 | 11.4690 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.59 | |
| MACD (12,26,9): | 0.0178 | |
| Directional Movement: | 9.9921 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 10.7471 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.7764 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 10.6848 | |
| Zig ZAG (10): | 10.7390 | |
| VORTEX (21): | 1.0948 | |
| Stochastique (14,3,5): | 57.77 | |
| TEMA (21): | 10.7568 | |
| Williams %R (14): | -38.16 | |
| Chande Momentum Oscillator (20): | 0.0295 | |
| Repulse (5,40,3): | -0.0469 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0255 | |
| Courbe Coppock: | 0.80 |
| MA7: | 10.7742 | |
| MA20: | 10.9151 | |
| MA50: | 10.8769 | |
| MA100: | 10.7506 | |
| MAexp7: | 10.7407 | |
| MAexp20: | 10.7240 | |
| MAexp50: | 10.7082 | |
| MAexp100: | 10.7391 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -1.44% | |
| Price / MA50: | -1.09% | |
| Price / MA100: | +0.07% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.18% |
Quotes :
2020-11-12 16:06:02
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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